Update on offer to acquire up to 100% of the issued shares of Transcend Residential Property Fund Limited EMIRA PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2014/130842/06) JSE share code: EMI ISIN: ZAE000203063 JSE Bond Company Code: EMII (Approved as a REIT by the JSE) (“Emira” or the “Company”) UPDATE ON OFFER TO ACQUIRE UP TO 100% OF THE ISSUED SHARES OF TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED (“TRANSCEND”) Transcend Shareholders are referred to the announcement on 13 July 2022 regarding Emira’s firm intention to make a General Offer for up to 100% of the issued shares (other than those shares already owned) of Transcend Residential Property Fund limited shares. Capitalised terms in this announcement bear the same meaning as in the announcement of 13 July 2022. Transcend Shareholders are advised that the Takeover Regulation Panel has granted the Company an extension for the distribution of the Offeror Circular until 6 September 2022. The board of directors of Emira, to the extent that the information relates directly to Emira, accepts responsibility for the information contained in this announcement and certifies that, to the best of its knowledge and belief, the information contained in this announcement relating to Emira is true and this announcement does not omit anything that is likely to affect the importance of such information. Bryanston 29 July 2022 Corporate Advisor to Emira DG Capital Advisory Transaction Sponsor Questco Corporate Advisory Proprietary Limited Legal Advisor to Emira White & Case Debt Sponsor Rand Merchant Bank, a division of FirstRand Bank Limited Date: 29-07-2022 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.